INN200 Management Accounting
Credits (ECTS):5
Course responsible:Øystein Dahl
Campus / Online:Online
Teaching language:Norsk
Course frequency:Annually
Nominal workload:125 hours
Teaching and exam period:This course starts in the Autumn parallel. This course has teaching/evaluation in the Autumn parallel.
About this course
The course provides an introduction to basic management accounting.
The following topics are covered: Cost and cost behavior; Markets; Product costing, Cost allocation; Short term production decisions and trade-offs; Financial accounts; Time value of money; Capital budgeting.
Learning outcome
Knowledge:
After completed course, the student should have knowledge on:
- basic topics, theories, methods, problems and tools within cost accounting.
- different types of costs
- the firm`s short term decision problems
- financial accounting
- time value of money
- different capital budgeting methods
Skills:
After completed course, the student should be able to:
- give an account of basic cost accounting terminology
- explain which factors affect the firm, both on the short and long term
- explain and calculate how changes in activity affects revenue, costs, and profits
- explain the relation between the balance sheet and profits
- explain the present value of money
- explain and conduct simple project analysis
General competence:
After completed course, the student
- masters cost accounting terminology
- can communicate central cost accounting theory.
- is able to use cost and income theory in decision-making
- Digital lectures and weekly seminars. The students will also have access to digital resources on Canvas.
- Canvas
- Final 3 hour home examination that counts 100 %.
Written Exam at Home
Grading: Passed / Not Passed
- External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
There will be 12 assignments throughout the course. The students must pass at least 8 of the assignments to be allowed to take the exam.
Compulsory exercises are valid for 2 years.
- Problem solving exercises: 2 hours per week.
- 5 ECTS overlap with BUS100 Cost Accounting, Fundamentals. 2,5 ECTS overlap with BUS101 The Firm. 5 ECTS overlap with INN201-B Management Accounting.
- Minimum requirements for entrance to higher education in Norway.